We report on an experiment designed to study a dynamic model of quantity competition where firms continuously revise …

We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two …

, and is provision easier if outsiders gain a windfall profit? In an experiment we observe that both positive and negative …

reinforcement learning models than with belief-based models. Showing level-2 rationality (i.e., reasoning about others' beliefs) is … process level to the validity of modeling behavior using low-rationality reinforcement learning models … only subjects who picked the minority option obtain a positive reward. Previous experiments on the minority and similar …

reinforcement learning models than with belief-based models. Showing level-2 rationality (i.e., reasoning about others' beliefs) is … process level to the validity of modeling behavior using low-rationality reinforcement learning models. -- coordination … ; minority game ; market efficiency ; information ; self-organization ; reinforcement learning …

reinforcement learning models than with belief-based models. Showing level-2 rationality (i.e., reasoning about others' beliefs) is … process level to the validity of modeling behavior using low-rationality reinforcement learning models. … only subjects who picked the minority option obtain a positive reward. Previous experiments on the minority and similar …

laboratory experiment. Our findings support the main comparative-static predictions of the model but also suggest that, when …

We use experiments to analyze what type of communication is most effective in achieving cooperation in a simple …